Peru: Unacem sees sales slip 4.3% in 2016

Unacem sales fell 4.3 per cent in 2016 to PEN1865m in 2016. In Ecuador, its subsidiary Unacem Ecuador sold 1.2Mt of cement at a value of US$153.2m. In the US Drake Cement in Arizona sold 546,000st or US$83m.

The Peruvian cement company produced 3.4Mt of cement at its Atacongo works near Lima and 1.7Mt at the Condorcocha works in Junín. The company’s total output accounted for around 53 per cent of national demand. Shipments were mostly bagged cement, which accounted for 77 per cent of the total volume.

In Ecuador, its subsidiary Unacem Ecuador sold 1.2Mt of cement at a value of US$153.2m. In the US Drake Cement in Arizona sold 546,000st or US$83m.

The main shareholders of Unacem are Investment and Administration Union (SIA), which has a a 43.4 per stake, and Inversiones Andino with a 24.3 per cent stake – both companies are controlled by the Rizo Patrón family. In addition, Peruvian AFPs hold a 21.9 per cent stake.